To pay the operating costs and expenses of the Association, including attorney’s fees, accountant’s fees and taxes as applicable.

To conduct the ordinary and usual business of a non-stock, non-profit corporation.

For such other purposes deemed advisable and proper by the Board of Directors to carry out the responsibilities of the Association as provided in the Declaration.

To provide for the non-exclusive enforcement of the Declaration.

To file and maintain actions at law or in equity, to collect any amounts owing to the Association.

To enforce, by any proceeding at law or in equity, all restrictions, conditions, covenants, reservations, liens and charges now or hereafter imposed which run with and bind the above-described Properties.

To buy, sell, exchange, lease, sublease, and otherwise hold, own, maintain, control, work, distribute, develop, improve, alter, operate, manage, rent, deal in, and otherwise turn to account chattels, real estate and personal property of every nature, class and description, within or without the Commonwealth of Virginia.

To mortgage or otherwise lien, to lease, sublease, sell, convey, exchange, trade, transfer, deal in or in any manner whatever dispose of chattels, real property, and personal property of every nature, class, and description, within or without the Commonwealth of Virginia.

To enter into, make and perform contracts of every kind with any person, firm, association or corporation, municipality, body, county, state, or government, and without limit as to amount, to draw, make, accept, endorse, discount, execute and issue promissory notes, drafts, bills of exchange, warrants, bonds, debentures, and other negotiable or transferable instruments and evidences of indebtedness, whether secured by mortgage or otherwise, so far as may be permitted by the laws of the Commonwealth of Virginia.

To issue bonds, debentures or obligations of the Association, and at the option of the Association, to secure the same by mortgage, pledge, deed of trust or otherwise.

3.  (a)   Every person or entity (hereinafter referred to as an “Owner”) who is a record owner of a fee simple title to any lot which is a part of the development, including contract sellers, shall be a member of the Association. The foregoing is not intended to include persons or entities who hold an interest merely